According to IMARC Group latest report titled “Oleoresin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on oleoresin market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.  The global oleoresin market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.46% during 2023-2028.

What are oleoresin?

Oleoresin is a natural plant extract that consists of a combination of oil and resin obtained from various botanical sources. It is a highly concentrated and viscous substance that contains both the essential oil and the resinous components of the plant. Typically, the plant material is first extracted using a solvent (such as alcohol or hexane), and the solvent is then discarded to obtain the end product. Its potency is one of its key benefits when used in food preparation. It is concentrated extracts; thus, even a tiny amount can greatly influence how the final product tastes and smells. By doing this, food producers may establish consistent flavor profiles without using a lot of fresh herbs or spices. Additionally, it is also simpler to store and transport since it has a longer shelf life than fresh or dried plant components.

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What are the growth prospects and trends in the oleoresin industry?

The escalating adoption of oleoresins in the food and beverage (F&B) industry majorly drives the global market. This can be supported by the growing demand for snacks and fast-food products and evolving consumer preferences. Along with this, the increasing popularity of ethnic cuisines and exotic flavors due to interpopulation growth is influencing the demand for oleoresins in gourmet restaurants and luxury hotels. In addition, the rising consciousness about maintaining their health and being willing to invest in high-quality products, leading food manufacturers to replace artificial ingredients with clean-label ingredients, is positively influencing the market. Apart from this, the expanding agriculture sector utilizes oleoresins as natural colorants and flavoring agents in animal feed for domestic livestock, which is acting as another growth-inducing factor. Furthermore, the extensive applications in the pharmaceutical industry for medicinal preparations, as well as in the personal care industry, are creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Akay Natural Ingredients Private Limited
  • Ambe Phytoextracts Pvt. Ltd.
  • AVT Natural Products Limited
  • Bioprex Labs
  • Gurjar Phytochem Pvt. Ltd.
  • Jean GAZIGNAIRE S.A.S.
  • Kalsec Inc.
  • Kancor Ingredients Ltd
  • Plant Lipids
  • Synthite Industries Ltd
  • Universal Oleoresins

Oleoresin Market Segmentation:

Our report has categorized the market based on region, product and application.

Breakup by Product:

  • Paprika
  • Black Pepper
  • Capsicum
  • Turmeric
  • Ginger
  • Garlic
  • Onion
  • Others

Breakup by Application:

  • Food and Beverages
  • Flavors
  • Pharmaceuticals
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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